No Result
View All Result
Monday, February 2, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

Thinni government spent just LD 1.5 bn bank loan in eight months in office

bySami Zaptia
June 2, 2015
Reading Time: 2 mins read
A A

By Libya Herald reporter.

266-Govt presser3-Thinni terror-010615

Tunis, 2 June 2015:

Speaking during his government’s . . .[restrict]press conference held in the eastern city of Al-Beida on Sunday, Prime Minister Abdullah Thinni revealed that his government has spent just LD 1.5 bn since taking office eight months ago.

Moreover, Thinni explained that this amount was a bank loan and not public funds.

RELATED POSTS

HoR will not impose taxes on essential goods – but still studying and reviewing the idea

Zliten Chamber of Commerce opposes House of Representatives’ proposal to impose tax on certain goods – inflationary and costly to the low paid

He revealed that from the first of January 2015, LD 754 million was spent and LD 372 million were spent in 2014. His government still had a balance of LD 300 million in its possession, he confirmed.

Giving further details, Thinni said that LD 30 million was allocated to the army and LD 180 million to the Chief of Staffs.

The Crises Committees for the eastern region received about LD 15 million out of a budgeted LD 51 million Another LD 15 million was given to the Wirshifana Committee, LD 10 to the Zintan Committee, LD 8 to the Rijban Committee and LD 15 million to the Southern region committee.

Thinni said that the government had to deal with the various crises committees despite the fact that the government did not have a crises budget.

The Prime Minister said that his government had requested from the House of Representatives (HoR) a budget of around LD 4 bn in order to deal with the various bottlenecks across the country.

Thinni also explained that a crises budget would free his government from the slow routine of pre-spending approvals from the Audit Bureau, as auditing would be instantaneous or after expenditure.

However, he was keen to assure that all expenditure through the Ministry of Finance had received pre-approval from the Audit Bureau – a state organ that comes under the authority of the HoR.

Thinni also explained that the HoR was fully aware of all government spending in the years 2014-2015.

Despite all the many crises, the government was still able to keep all the utilities going despite a shortage of resources, he added.

The government was also able in these eight months through a budget of just LD 1.5 bn to operate and pay all state-sector salaries in the east, south and in western regions.

The Prime Minister added that his government had obtained LD 300 million which would enable it to pay all wages including April and is on the verge of obtaining wages for May and June to be paid before the start of the fasting month of Ramadan. [/restrict]

Tags: bank loanbudgetfeaturedHoR House of RepresentativesThinni

Related Posts

LBC leading delegation to Miami for America’s Food and Beverage Show – 18 to 20 September
Business

LBC Eastern Branch holds Benghazi Forum

February 1, 2026
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Tripoli government delegation visits Budapest – bilateral cooperation in the fields of energy, security, and defence discussed

January 31, 2026
Presidency Council objects to holding of south reconciliation event in Italy
Libya

Presidency Council Head commits to transparency, disclosure, oversight – cutting off system of bribery, brokerage, and unregulated spending

January 31, 2026
Mellitah Oil & Gas looking to charter three helos
Libya

10,000 tree-planting campaign launched at Mellitah Oil and Gas Industrial Complex

January 28, 2026
NOC announces force majeure at Zawia port
Libya

NOC Chairman confirms Libya’s ability to realise tangible production achievements in the sector despite challenges

January 25, 2026
PM Aldabaiba inaugurates LEES 2026: Agreements and MoUs signed with Total Energies, ConocoPhillips, Chevron and Egyptian government
Libya

PM Aldabaiba inaugurates LEES 2026: Agreements and MoUs signed with Total Energies, ConocoPhillips, Chevron and Egyptian government

January 25, 2026
Next Post
Tight security at police cadet graduation

Tight security at police cadet graduation

Ceasefire agreement in Obari between Tebu and Tuareg

Top Stories

  • AmCham Libya leading Libyan delegation to 2024 World of Concrete Tradeshow in Las Vegas, 23-25 January

    AmCham Libya organises its first-ever U.S. Company Healthcare Workshop in Libya from 27 to 28 January

    0 shares
    Share 0 Tweet 0
  • The Libyan European Forum for Transport and Telecoms opened in Malta from 30-31 January

    0 shares
    Share 0 Tweet 0
  • One-million olive tree project in Tarhuna launched – first project in North Africa to grow olive trees using linear pivot irrigation systems

    0 shares
    Share 0 Tweet 0
  • For the first time in 15 years, Libya receives international approval to import dollars in cash

    0 shares
    Share 0 Tweet 0
  • Libya holds further discussions with Boeing and US Chargé d’affaires on establishment of a new airline

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Health Ministry discusses reactivating and revitalizing the national pharmaceutical industry

AmCham Libya organises its first-ever U.S. Company Healthcare Workshop in Libya from 27 to 28 January

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.